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What are the five stages of the event planning process?
Critical Value
A threshold in hypothesis testing, which the test statistic must exceed in order to reject the null hypothesis, indicating a statistically significant result.
Degrees of Freedom
The capacity of different values or numerals that can be designated to a statistical distribution.
α
A symbol often used to denote the probability of making a Type I error in hypothesis testing, representing the significance level.
Level of Significance
The probability threshold in hypothesis testing below which the null hypothesis is rejected, indicating statistical significance.
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